Do most sureties require audited financial statements from a CPA?
Not usually; CPA audited financial statements are generally required only for very large bonds. Many multi- million-dollar bonds are written with CPA reviewed financial statements. Bonds under $250,000 are often written with CPA compilation statements and some smaller bonds are written with in-house statements or statements from non-CPA accountants. Generally, the higher the quality of statement, the better the bonding terms.
